Donald Trump’s WorldLiberty Financial DeFi project is set to launch its governance token in a few hours.
The project is part of the presidential candidate’s various crypto initiatives.
The cryptocurrency market has livened up this past week with bullish price actions and other new announcements. Notably, several leading digital assets including Bitcoin and Ethereum have retraced their steps to previous trading levels. Meanwhile, the crypto-political landscape has also made some new announcements.
Notably, Republican candidate Donald Trump’s World Liberty Financial is reported to have seen amplified community interests over the past month. Having launched it in mid-September, the Trump family’s DeFi project has seen more than 100K sign-ups as per reports. This immense interest in the project has garnered market attention owing to the project being the initiative of the presidential candidate.
Donald Trump Jr discussed the project’s immense community interest in an X space held on October 14, where Head of Operations, Zak Folkman also spoke. The Operations head delved into details about the token launch which is scheduled for October 15.
Additionally, WorldLibertyFi also recently shared a blog discussing the details of the DeFi Project. According to the announcement, WLFI, scheduled to be unlocked in the next few hours, will be functioning as an Ethereum-based ERC-20 governance token for the project.
Furthermore, the blog post also discussed the project’s goal and vision to expand DeFI accessibility to both crypto users and newcomers. However, the WLFI tokenomics have not yet been shared for public knowledge. Moreover, Donald Trump was seen promoting the token sales on his official Twitter account on Sunday.
Donald Trump’s Crypto & DeFi Endorsement
The former US president has adopted a vision for crypto’s future according to his latest discussions and statements. Particularly, in one of his campaigns, Trump advocated for crypto’s future and joked about its potential to pay off the US debt. Additionally, the ‘crypto president’ also recently made his first crypto payment at a Bitcoin bar.
Relatedly, over the past few months, Trump has stated that the US must sustain its lead in the crypto industry. He has also discussed modifying regulatory approaches for the sector in the case of winning the elections.
Meanwhile, Kamala Harris recently was seen mentioning cryptocurrency in her Opportunities agenda reachout for the black male community.
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